The Mean Score of a College Entrance Test Is 500;

question 29

Multiple Choice

The mean score of a college entrance test is 500; the standard deviation is 75. The scores are normally distributed. What percent of the students scored below 320?

• A)About 50.82%
• B)About 34.13%
• C)About 7.86%
• D)About 0.82%

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Definitions:

Bounded Rationality

The idea that we are restricted by a variety of constraints when making decisions.

Bounded Rationality

A concept that decision-makers are limited by the information they have, their cognitive limitations, and the finite amount of time they have to make a decision.

Essential Rationality

The inherent human capacity to think logically and make decisions based on reason and critical thinking.

Programmed Decisions

Decisions made using a rule, policy, or procedure for routine or repetitive problems that have been encountered before.